Lastminute Thomas Cooks it

Lastminute.com today announced a deal with the online branch of travel agent Thomas Cook which the company hopes will help it turn a corner after first quarter results showed spiralling losses.

By Chris Holbrook, 12 February 2001 12:40

NEWS Losses for lastminute.com widened over the quarter ending 31 December - rising to £15.4m compared to £6m for the same period the previous year. The deal with thomascook.com means lastminute.com will steer traffic from its own site onto that of its new partner. Holidaymakers looking for holidays more than six weeks in advance will be taken from Lastminute.com direct to the Thomas Cook site. Shares in lastminute.com rose 6.55 per cent upon the news to 73.25p - still a long way short of a 52-week high of 515p.

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